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In NZ they clearly identify the 75+ age group as their core market. The average age of entry is 73 and average age of residents is 79.
UnitingCare NSW has announced a 10 building/352 apartment village to be built in Shellharbour, one hour south of Sydney, valued at $119 million.
AMP Capital Investors has laid out $34 million to acquire 5.4% of the Summerset village business in New Zealand, which is also now listed on the Australian Stock Exchange.
CEO Geoff Grady released Aveo’s 2013/14 financial year results this week. The group owns 46 villages accounting for approximately 5,200 ILUs and 1,100 serviced apartments +209 aged care beds.
Derek McMillan’s Australian Unity Retirement Living is consolidating its home care business in Southern and Western Sydney plus the Southern Highlands.
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